Oil prices down.Y is a quart so high?
Hi all. Going to change the oil in my Class'A'. Went to the auto parts store to get the oil. Conventional. A Barrel (55 Gallons)sells for about $32 on the world market. WHY does it STILL cost about $5...
Forum Discussion
WyoTraveler wrote:
Because they can. I can remember back in the 50s a business would add 10 to 20 percent profit to an item when they sold it. Seemed like an honest thing to do. Now, even at Walmart, depending how much that item is needed and how much the public will pay. It is not unusual to see 100 to 150 percent or more mark ups on products. Just a few days ago I saw an item in Albersons for 88 cents. That same item at Walmart was almost $2. There is no honesty anymore anywhere. Buyer beware. Even Costco, the bargin store, will nail you on prices if you aren't savy. Unfortunately some items like oil have been price fixing for years. If you or I tried it we'd be in jail.
Pricing isn't always based on profit margin of individual products and never was. Stores will have "loss leaders" that they actually sell at a loss. They advertise these items and it draws people into the store where they buy them along with the other attractive items strategically placed on the shelves.
It's all about the store's overall profit/loss, not the item's.
